Cornerstone Advisors LLC Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Cornerstone Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,600 shares of the entertainment giant’s stock after acquiring an additional 7,900 shares during the period. Cornerstone Advisors LLC’s holdings in Walt Disney were worth $8,426,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Capital World Investors grew its position in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. Swedbank AB acquired a new stake in Walt Disney in the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new position in Walt Disney during the 2nd quarter worth approximately $355,673,000. International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $114.27 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm’s fifty day moving average price is $97.07 and its 200 day moving average price is $96.72. The company has a market capitalization of $206.94 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Needham & Company LLC raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Barclays dropped their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.